David Jones $487 Million Loss
David Jones has posted a full-year loss of nearly $500 million in 2019 due in part to impairments, and tax losses of... Read More
Sydney Big W Stores Among First Shut
Embattled discount department store, Big W, has revealed the first batch of its store closures, with three Sydney outlets among the first... Read More
David Jones Same Store Sales Further Slip
South African-owned department store, David Jones, has fared its third straight year of declining same store sales, citing “challenging” retail conditions. Owned... Read More
Woolworths Ramps Up Big W Sale Plan
Despite a turnaround plan being implemented by its parent company, embattled discount store, Big W, may be about to sell off 40... Read More
Big P Hurting Big W, As Big Losses Mount
The decision by Woolworths to offload up to 30 Big W stores is hardly surprising. The reality is when you launch a... Read More
Woolworths Confirm 30 Big W Closures
Woolworths has confirmed it’s closing thirty Big W stores over the next three years, amid persistent rumours the embattled department store is... Read More
Myer Cuts Jobs, Cancels Annual Supplier Ball
New Myer CEO, John King, has reportedly ruffled a few suppliers’ feathers, following reports he’s cancelled the annual Supplier of the Year... Read More
Myer Amps Up Leadership Team With UK Hire
With Myer’s new CEO taking the reins early June, the department store has been shuffling its executive positions with a new chief... Read More
Myer Q3 Sales Down 3%, New CEO To Start June 4th
UPDATE – Shares in Myer have soared 15%, as investors respond positively to the better-than-expected quarterly update. Myer has post a 3.1% drop in... Read More